Budget 2016 validates its intent to promote startup mindset in the country, says Lybrate founder Saurabh Arora

The government has validated its intent through Budget to promote startup mindset in the country. Proposals like 100% deduction of profits for 3 out of 5 years for startups established during April, 2016 to March, 2019; lowering to two years the period for getting benefit of long-term capital gain regime in case of unlisted companies from the current three years; and making every bank branch to facilitate at least two projects under 'Stand Up India Scheme' are aimed at encouraging more entrepreneurial ventures in the country.

One announcement that will help all startups across board is the Digital Literacy Mission Scheme for rural India under which the government looks to cover around 6 crore additional households within the next 3 years. This is a great step towards digitizing rural parts of the country and when that will happen, it will provide the population residing there with the opportunity to benefit from online platforms like ours that enables communication between users and doctors from anywhere, anytime.

Also, the 'National Dialysis Services Programme’ under National Health Mission is also a remarkable measure to fix the issue of non-availability of renal dialysis centres in the country. The government's effort to introduce facilities of renal dialysis in every district hospital will save the hassles of many who have to travel to metro cities for getting the procedure done again and again , " said Saurabh Arora, Founder & CEO, Lybrate.

About Lybrate
Lybrate is India’s largest online doctor consultation platform. By connecting doctors and patients through its first-of-its-kind health app and letting them communicate from anywhere, anytime, Lybrate makes healthcare more accessible. Founded by former professionals from Facebook and Snapdeal in 2013, Lybrate is India's number one medical app which allows users to discuss any health issue while keeping their identity anonymous. More than 90,000 doctors and health experts from varied branches of medicine from across India are connected to millions of patients through the technology-driven platform. With such strong network, Lybrate acts as the world's largest online Out Patient Department (OPD). The company raised $10.2 million from Tiger Global, Nexus Venture Partners and Chairman Emeritus of Tata Sons Ratan Tata in Series A funding in July 2015. It received $1.23 million in seed funding in August 2014. Lybrate is also Indian Medical Association’s digital partner.

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